Financial Education and Inclusion

Patiño, Omar Alonso; Gutiérrez, Laura Marcela Patiño

doi:10.4018/ijsecsr.2019010104

Cited by 4 publications

(2 citation statements)

References 12 publications

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“…Indonesia, for example, uses social media at a far higher rate than any other Asian country [29]. In contemporary years, financial education has been given a lot of attention by governments worldwide [30]. It is widely accepted that a nation with a high degree of financial literacy has a higher percentage of its citizens who bank [31].…”

Section: Introductionmentioning

confidence: 99%

Tech-Optimists and Financial Education - A Research on the Efficacy of Communication Mediums of Government Economic Policies

Bhatnagar,

Pathak,

Taneja

2023

IJSDP

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Current advancements in the economic inclusion plan of the state of India strengthen the quality of financial inclusion as a fundamental foundation for inclusive growth. Objectives -The research is conducted to compare the influence of various awareness sources on economic policies introduced by the government. It will also focus on the measurement of the effectiveness of various communication mediums in persuading people to register for the Jan Dhan Yojna. Methodology -People's responses were analyzed by applying binary logit regression to find the probability of getting registered under Jan Dhan Yojana based on various communication mediums. Findings -Tech-optimists are more likely to be financially aware of the benefits of PMJDY and other government schemes. Value -The result of the study would enable the government to use the appropriate medium of communication to spread financial literacy.

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Section: Introductionmentioning

confidence: 99%

Tech-Optimists and Financial Education - A Research on the Efficacy of Communication Mediums of Government Economic Policies

Bhatnagar,

Pathak,

Taneja

2023

IJSDP

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“…Reducing the risk of poverty, intensifying the process of saving and investing at the level of individuals, the possibility of setting up and financing business, reducing the asymmetry of information on the financial market, establishing alternative job opportunities, feeding entrepreneurship, increasing the resilience of households to shocks are just some of the positive externalities of increasing financial inclusion by using a wider variety of specific products and services [22][23][24][25][26][27][28]. The higher participation of the population on the financial market is mainly due to the increase of the living standard but, recently, was pushed up by pandemic restrictions (lockdown, limited activities for consumers or on-line transactions, etc.).…”

Section: Introductionmentioning

confidence: 99%

Financial Inclusion Paradigm Shift in the Postpandemic Period. Digital-Divide and Gender Gap

Vasile

Panait

Apostu

2021

IJERPH

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Financial inclusion is strongly differentiated by age groups and countries and the pandemic has highlighted the increased gaps and inequalities but also the weaknesses of the system, in terms of flexibility, access and facilities of the customer-bank relationship and also from the perspective of the financial education of young generations and vulnerable people, active in the labor market. Based on the available data provided by the Global Findex database, and some findings after more than one year of COVID-19 crisis we outlined the main aspects of financial digitization, by categories of people and countries. At the same time, we identified the challenges and problems during the pandemic that significantly adjusted the consumption pattern of citizens and increased the need for on-line access for financial transactions. Starting from the analysis of the inequality of access to financial instruments in the last years, from the informational asymmetry in financial education and the challenges of the pandemic period, we underlined the main coordinates of changing the model of sustainable financial inclusion—based on five pillars—access, education, support tools, CSR and resilience. The research results highlight the need for convergence in providing opportunities to consider financial inclusion as a public good and an active tool to increase consumers’ satisfaction and the quality of life of individuals.

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The Financial Education

2021

Global Corporate Social Responsibility Initiatives for Reluctant Businesses

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Financial education is a process that must take place throughout the life of consumers, given the intensification of the process of financial and technological innovation materialized in the emergence of new financial products and ways of accessing them. The financial education programs must focus on capitalizing on and use of financial knowledge and skills by children, young people, and women. The education can create responsible financial behavior within consumers to efficiently manage resources throughout life, including periods of the current health crisis. COVID has demonstrated the importance of economic resilience and the ability of consumers to adapt to the turbulence specific to this period. The financial fragility faced by certain categories of consumers during this period demonstrates the need to implement financial education programs. There is a need to adopt radical changes that are taking place in the financial market under the impact of fintech.

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Financial Education and Inclusion

Cited by 4 publications

References 12 publications

Tech-Optimists and Financial Education - A Research on the Efficacy of Communication Mediums of Government Economic Policies

Tech-Optimists and Financial Education - A Research on the Efficacy of Communication Mediums of Government Economic Policies

Financial Inclusion Paradigm Shift in the Postpandemic Period. Digital-Divide and Gender Gap

The Financial Education

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